REGISTERED NUMBER: 03485514 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

CHANDNI CHOWK LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

42,115

43,945

42,115

43,945

CURRENT ASSETS

Stocks

648,778

560,332

Debtors

6

14,657

18,351

Cash at bank and in hand

1,075

40,707

664,510

619,390

CREDITORS

Amounts falling due within one year

7

626,044

487,787

NET CURRENT ASSETS

38,466

131,603

TOTAL ASSETS LESS CURRENT LIABILITIES

80,581

175,548

PROVISIONS FOR LIABILITIES

9

6,446

6,378

NET ASSETS

74,135

169,170

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11

74,133

169,168

SHAREHOLDERS' FUNDS

74,135

169,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2026 and were signed on its behalf by:

Mr P Garrod - Director

Ms R C Price - Director

1.	STATUTORY INFORMATION

Chandni Chowk Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03485514

Registered office:

The Old Ambrosia Works

Lapford

CREDITON

Devon

EX17 6AE

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Purchased goodwill arising on the incorporation of the partnership is capitalised and classified as an asset on the Balance Sheet. The goodwill has now been fully amortised over five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

100,000

AMORTISATION

At 1 November 2024

and 31 October 2025

100,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Equipment

Totals

£

£

£

£

COST

At 1 November 2024

182,700

31,236

32,796

246,732

Additions

5,202

-

-

5,202

At 31 October 2025

187,902

31,236

32,796

251,934

DEPRECIATION

At 1 November 2024

154,091

19,571

29,125

202,787

Charge for year

3,381

2,916

735

7,032

At 31 October 2025

157,472

22,487

29,860

209,819

NET BOOK VALUE

At 31 October 2025

30,430

8,749

2,936

42,115

At 31 October 2024

28,609

11,665

3,671

43,945

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,481

3,204

Other debtors

8,176

15,147

14,657

18,351

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,067

-

Trade creditors

55,245

53,951

Taxation and social security

12,631

8,013

Other creditors

548,101

425,823

626,044

487,787

HSBC Bank plc registered a debenture charge on 30 November 2004 in which all money and liabilities owed to the bank are secured over the assets of the company.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

71,350

70,350

Between one and five years

71,850

133,700

143,200

204,050

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

6,446

6,378

Deferred

tax

£

Balance at 1 November 2024

6,378

Charge to Profit and loss account during year

68

Balance at 31 October 2025

6,446

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Retained

earnings

£

At 1 November 2024

169,168

Deficit for the year

(95,035

)

At 31 October 2025

74,133

12.	RELATED PARTY DISCLOSURES

The ultimate controlling party is Mr P Garrod and Ms R C Price.